Prevest Denpro launches IPO to fund business growth

Excelsior Correspondent
JAMMU, Sept 13: Prevest Denpro Limited—a leading dental materials manufacturing company of Jammu has launched its IPO to raise funds for their expansion and diversification project.
A major portion of IPO proceeds is earmarked for setting up Research & Development Center.
Atul Modi, Managing Director and Namrata Modi, Executive Director and main promoters of the company stated that Prevest Denpro manufactures more than 100 type of dental products which are very popular not only in India but are also exported to more than 80 countries across the world.
In a handout they said that the company seeks to capitalize on the growth opportunities in hygiene, oral care, oral hygiene and bio-material segment based on its well positioned operations and leveraging on the existing network of dealers & agents and being led by an experienced management team.
“It is setting up another manufacturing facility adjacent to existing factory for manufacturing new line of products that will include hygiene products, oral hygiene products (mouth washes and mouth rinses), oral care products (medicated ointments, gels and creams for dental treatment) and bone grafting materials,” the handout further stated adding that the new proposed product line will accelerate the growth of the company which is confident of maintaining profitability and suitability to reward investors.